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Inflation ( -3.3% - as at Sept 2016)

The Consumer Price Index, (CPI) is one of the most important statistics produced by the Central Statistics Office.  It is designed to provide information on trends in consumer prices and real cost of living of the population.  It is an important economic indicator that is used to adjust prices in order to measure real economic growth.

The Consumer Price Index is a weighted average of the percentage price changes for a specified set or 'basket' of goods and services which consumers purchase for their day-to-day living needs between two time periods.  The weights used in the consumer price index reflect the relative importance of the product or service in the consumption expenditure of the household over a specified time period.

The CPI definition highlights three important points:

  • The index is an "average" which may increase or decrease from one period to the next
  • The index measures the purchasing power over time as it relates to a fixed basket of goods and services
  • The consumer price index meaures changes in the prices of goods and services that are typically purchased by private households to satisfy their daily needs and wants.  Consequently, it does not account for capital goods and services consumed by enterprises and the government.  

 

Download the latest detailed information on inflation here:
Detailed Information on Inflation as at September 2016 Excel
St. Lucia Monthly Percent Changes in CPI Excel
Methodology for Compilation of the St Lucia CPI pdf

 

Consumer Price Movements: All Division Movement

 

Septgraph1

 

Monthly Percentage Change for January -September 2016

with comparative data for January -September 2016

 

Septgraph2

 

Annual Inflation Rate For 2003 - 2015

YEAR            INFLATION RATE (%)
Inflation rate Jan - Dec 2015 (1.0)
Inflation rate Jan - Dec 2014 3.5
Inflation rate Jan - Dec 2013 1.5
 Inflation rate Jan - Dec 2012  4.2
 Inflation rate Jan - Dec 2011  2.8
 Inflation rate Jan - Dec 2010  3.3
 Inflation rate Jan - Dec 2009  (0.2)
 Inflation rate Jan - Dec  2008  5.5
 Inflation rate Jan - Dec 2007  2.8
 Inflation rate Jan - Dec 2006 3.6 
 Inflation rate Jan - Dec 2005 3.9 
 Inflation rate Jan - Dec 2004 1.5 
 Inflation rate Jan - Dec 2003 1.0 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Download Annual Inflation Rates from 1979 - 2012 Excel    pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Average retail prices for selected commodities

2012

*Values in EC $
 
   2011 2012
 COMMODITIES  UNIT  JUN  DEC  JUN  DEC
 Beef(local)  lb.  9.00  9.99  -  -
 Corned Beef  1lb. can  5.95  7.58  7.65  7.65
 Fish(local)  lb.  9.75  9.75   9.50  10.13
 Codfish(salted)  lb.  12.70   13.75  14.75  14.25
 Flour(wheat)  -  -  -  -  -
 Bread  2 oz. loaf  0.30  0.30  0.35  0.35
 Eggs  doz.  7.0  7.0  7.0  7.0
 Sugar(brown)  lb.  1.50  1.50  1.50  1.50
 Rice  lb.  1.10  1.10  1.10  1.10
 Margarine  1 lb. can  6.60  7.39  7.29  7.69
 Milk(evaporated)  14 oz. can  2.67  2.70  3.18  3.25
 Milk(powdered)  2 lb. can  29.57  25.71  24.75  26.21
 Cheese  lb.  10.61  12.35  9.97  10.19
 Salt(fine)  lb.  1.35  1.35  1.28  1.28
 Aerated beverages  12 Fl. oz.  1.60  1.60  1.60  1.72
 Potatoes (White)  lb.  1.85  1.85  1.52  1.46
 Onions  lb.  1.65  1.85  1.28  1.12
 Rum  Per  Quart  26.95  28.42  21.90  23.45
 Beer  8.5 Fl. oz.  2.77  2.77  2.77  3.07
 Cigarettes (local)  10's pkt.  5.95  5.95  4.58  5.29
 Electricity  80 units  62.64  62.64  -  -
 Water Rates  gallons  7.35  7.35  7.35  7.35
 Galvanized Sheets(corr.)  8ft. Sheet  40.00  40.00  40.00  40.00
 Powdered Soap  20 oz. box  11.80  11.80  11.15  11.68
 Cement  Bag  22.10  22.00  22.00  23.45
 Paint Emulsion  Gallon  45.00  51.9  45.00  45.00
 Gasoline  Gallon  15.46  14.64  15.17  15.14
 Kerosene  Gallon  6.00  6.00  6.00  9.93
 Perm  each  65.00  65.00  65.00  70.00
 Vicks Vapor Rub  can  7.78  7.78  7.78  7.78
 Toothpaste  Tube  6.49  6.49  6.49  6.49

 

Download excel file 2001 - 2010 

2013

...

 

 For archived data on Inflation from 1987 - 2006 click  here